He
said National needs to tighten up the rules, even if it's only to
tackle the perception problem.

"These
things have an unfortunate habit of sticking. In this country we've
always been very critical of countries we've perceived to be tax
havens, and I think that the danger is we now might find,
inadvertently perhaps, ourselves in that same space."

Mr
Dunne said we should be reviewing our disclosure rules, and broaden
our network of Tax Information Exchange Agreements.

He
said it would be pretty straightforward and quick to put the
amendments through.